CONDO - AUGUST 2019 west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
38 % DOWN
24 % DOWN
14 % UP
43 % DOWN
BUYER’S 7 %
The number of condo listings in West Vancouver decreased 12% between July and August, to 115, but was 14% above August 2018. The 8 condo sales in August were 5 below last month and 6 lower vs last year. The sales-to-listings ratio decreased to 7% in August, as condos in West Vancouver remained favourable to buyers. The condo benchmark price was $1.06M in August, 2% below July and 11% below last August. The average sold price was $973,750 and the aver- age PSF sales price was $930, down 2% but up 0.1%, respectively, vs July.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 131
% Change
No. 101
% Change
TOTAL LISTINGS
115
-12% -38% -30%
14% -43% -50%
TOTAL SALES
8
13
14
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7%
10%
14%
$1,062,100 $1,085,700 $973,750 $997,604
-2% $1,197,900 -11% -2% $1,583,179 -38%
$930
$929
0.1% $1,227
-24%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.20
$1.16
$1.13
$1.07
$1.07
$1.06
$1.03
138
125
118
115
112
101
98
15
14
11
10
8
8
8
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
1
3+ bdrms
BUYER'S MARKET
19
4
2 bdrms
77
3
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
19
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 42
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